MEMC INT'L. (WFR -NYSE) The Sleeping Giant? Message Board

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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant?

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To: TREND1 who wrote (781)	9/11/1996 11:58:00 AM
From: Carl R.	of 4697

Looks like a block of over 600,000 moved today at 21.5. It makes the 330,000 share block from the other day look small. Is there anyone out there who thinks this company will start losing money anytime soon? Or that earnings will be less than $2/share next year? If not, I can't see any reason not to buy more at $21. Granted this quarter will be bad because of the new plant start up and the wafer size change. In the long run who cares? The real question is the long term viability of the wafer industry and whether there will be a long-term surplus of wafers driving margins down to razor thin levels for some extended period. So what about it? Are we looking at a long-term oversupply situation? Mohan thinks yes, everyone else thinks no, correct? Carl

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